Secure Income REIT (LON:SIR) Reaches New 12-Month High at $423.00

Secure Income REIT PLC (LON:SIR) reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 423 ($5.53) and last traded at GBX 422.76 ($5.52), with a volume of 106951 shares trading hands. The stock had previously closed at GBX 421 ($5.50).

Separately, Goldman Sachs Group reiterated a “buy” rating on shares of Secure Income REIT in a research report on Thursday, August 8th.

The company’s 50-day moving average price is GBX 406.38. The company has a market cap of $1.36 billion and a PE ratio of 8.67. The company has a current ratio of 2.42, a quick ratio of 2.40 and a debt-to-equity ratio of 86.54.

The business also recently declared a dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 1st will be given a GBX 4.20 ($0.05) dividend. This represents a dividend yield of 1.03%. The ex-dividend date is Thursday, August 1st. This is a positive change from Secure Income REIT’s previous dividend of $3.93. Secure Income REIT’s payout ratio is 0.35%.

About Secure Income REIT (LON:SIR)

Secure Income REIT specialises in generating long term, inflation protected, secure income from real estate investments. Its investment strategy is designed to satisfy investors' growing requirements for high quality, safe, inflation protected income flows. At 30 June 2018, the Group's investment property portfolio was valued at £2.3 billion, producing £124.5 million per annum of rental income from long term leases with a weighted average unexpired term to expiry of 21.4 years.

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